Farm produce together with fisheries and forestry reaches a record $86.8 billion

For the first time, the gross value of agricultural production, including fisheries and forestry, is forecast to be a record-breaking $86.8 billion. And the value of our exports is expected to be a record $64 billion for 2021-22. Finally, the season has have been with us, and primary producers and growers have responded. It is expected […]

Japan and South Korea key markets for Aussie beef into future

An industry report concludes Japan and South Korea will continue to be important markets for beef exports over the coming five years, with steady demand expected in both countries, according to a new industry report. The report, Uncovering the Value of the Japanese and South Korean Beef Markets, by agribusiness banking specialist Rabobank, says Japan and […]

Short-term ‘surge’ Agri Counsellors now in Washington DC, Seoul and Riyadh

Short-term Agriculture Counsellors have hit the ground running in the United States, South Korea and Saudi Arabia, seeking out new export opportunities. There are three ‘surge’ counsellors as part of the Australian Government’s $72.7 million Agri Business Expansion Initiative. Counsellors are important to promoting Australia’s agricultural interests overseas and expanding export market opportunities for our […]

Have your say on agriculture export amendments before 30 November 2021

Public consultation is now open on proposed amendments to the Export Control Rules 2021. Deputy Secretary of the Department of Agriculture, Water and the Environment, David Hazlehurst said the consultation was part of a six-month review into the new legal framework for agricultural exports. “Earlier this year we introduced a new legal system for agricultural […]

CSIRO out to capture $10 billion in additional value from agrifood exports by 2030

The CSIRO aims to capitalise on the reputation and quality of the food harvested by primary producers with the launch of CSIRO’s Trusted Agrifoods Export Mission, which supports industry’s goal of reaching $100 billion in farm-gate value by 2030. The Trusted Agrifood Exports Mission aims to contribute $10 billion in growth through new tools and technologies […]

Aquaculture now the largest income sector from the seafood industry

Australia’s aquaculture sector continues a trajectory of steady growth, but the entire industry has experienced disruption due to the COVID-19 pandemic. Australia’s aquaculture sector has been steadily increasing in both value and share of gross value of fisheries production (GVP). The GVP of the Australian aquaculture sector grew 10% per cent in 2019-20. While total […]

Greater market access for local citrus produce to sell into the US

Australia has negotiated expanded access for our citrus exports to the United States, and once finalised the agreement will see citrus fruit produced in inland Queensland, Western Australia, and Bourke and Narromine in New South Wales exported to the US. The United States (US). Department of Agriculture’s Animal and Plant Health Inspection Service (APHIS) has […]

US Secretary of Agriculture Mr Tom Vilsack appointment welcomed

The United States is our third largest agricultural export market by value, and as such the Australian Government has welcomed the appointment of new US Secretary of Agriculture, Mr Tom Vilsack. Minister for Agriculture, Drought and Emergency Management David Littleproud said the new appointment would continue the strong agricultural cooperation between the United States and Australia. […]

CBA moving European HQ to Amsterdam

Commonwealth Bank of Australia is shifting its European HQ from London to Amsterdam in a move it says will allow it to provide better access to European markets for its institutional clients post-Brexit. From next year, CBA will have its newly-licenced Dutch subsidiary, Commonwealth Bank of Australia (Europe) N.V. up and running. CBA Group Executive […]